Thesis Gold (TSXV:TAU) Effective Interest Rate on Debt % : 0.00% (As of Nov. 2023)

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What is Thesis Gold Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Thesis Gold's annualized positive value of Interest Expense for the quarter that ended in Nov. 2023 was C$0.00 Mil. Thesis Gold's average total debt for the quarter that ended in Nov. 2023 was C$0.06 Mil. Therefore, Thesis Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 was 0.00%.

Thesis Gold Effective Interest Rate on Debt % Historical Data

The historical data trend for Thesis Gold's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Thesis Gold Effective Interest Rate on Debt % Chart

Thesis Gold Annual Data

Trend

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Effective Interest Rate on Debt %

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Thesis Gold Quarterly Data
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Competitive Comparison of Thesis Gold's Effective Interest Rate on Debt %

For the Other Industrial Metals & Mining subindustry, Thesis Gold's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Thesis Gold's Effective Interest Rate on Debt % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Thesis Gold's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Thesis Gold's Effective Interest Rate on Debt % falls into.

Thesis Gold Effective Interest Rate on Debt % Calculation

Thesis Gold's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Feb. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Feb. 2022 )	+	Total Debt (A: Feb. 2023 ))	/ count )
=	-1 * 0	/	( (0.184	+	0.115)	/ 2 )
=	-1 * 0	/	0.1495
=	0.00 %

where

	Total Debt (A: Feb. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.101	+	0.083
=	0.184

	Total Debt (A: Feb. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0.022	+	0.093
=	0.115

Thesis Gold's annualized Effective Interest Rate on Debt % for the quarter that ended in Nov. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Aug. 2023 )	+	Total Debt (Q: Nov. 2023 ))	/ count )
=	-1 * 0	/	( (0.073	+	0.052)	/ 2 )
=	-1 * 0	/	0.0625
=	0.00 %

where

	Total Debt (Q: Aug. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.073
=	0.073

	Total Debt (Q: Nov. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	0	+	0.052
=	0.052

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Nov. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

Thesis Gold (TSXV:TAU) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

Thesis Gold Effective Interest Rate on Debt % Related Terms

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Thesis Gold (TSXV:TAU) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Thesis Gold Inc (TSXV:TAU) » Definitions » Effective Interest Rate on Debt %

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Traded in Other Exchanges

THSGF:USA 0110:Germany

Address

10545-45 Avenue NW, 250 Southridge NW, Suite 300, Edmonton, AB, CAN, T6H 4M9

Website

https://www.benchmarkmetals.com

Thesis Gold Inc Formerly Benchmark Metals Inc is a gold and silver company advancing its 100% owned Lawyer's Gold-Silver Project located in the Golden Horseshoe of northern British Columbia, Canada. The project consists of three mineralized deposits that remain open for expansion, in addition to plus 20 new target areas along the 20-kilometre trend.

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